How to Start an NBA Franchise

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NBA franchise is not as readily available as common franchises in the market as they are rarely available and undergo a bidding war as soon as stocks appear on the market.

NBA is more out of reach than other franchises and therefore requires a higher investment plan and financial standing.

This type of franchise is not for those with a limited amount of capital for the franchise, as the bidding of the NBA franchise ranges from an initial 300 Million US dollars to up to 600 Million US dollars.

To apply for this type of franchise, it is important to remember that one should at least be well-versed in the basics of management and finance. Another important factor is a passion for basketball. The whole franchise revolves around the game, and the success of the franchise is dependent upon it. Therefore, brushing up on your basketball skills and knowledge before engaging in such a franchise would be wise. There is a huge amount of money at stake in this kind of rare investment franchise. Therefore, it will be wise to utilize it to its full extent and ensure it succeeds. You may be lucky enough to apply for financial aid or loans, but this is rare considering the amount involved in bidding for the franchise. Therefore make every penny count and brush up on those skills.

There are several ways to educate yourself before appl ying to the franchise. First, you may consider attending seminars or workshops to get hands-on experience handling these kinds of investments and establish a firm knowledge of basketball. Considering that you may very well become an NBA franchise owner, it is wise to know that knowledge and experience about the ins and outs of the basketball game are crucial to your success, as the entire franchise revolves around this fact.

11 Comments

Trevor Adderley said on April 21, 2011
Nassau, The Bahamas
Occupation: Student @ The College Of The Bahamas
Question: I've had ideas and aspirations of becoming a franchise owner and having a Basketball franchise here in the Carribean. What's your take on it? I think it would be great for the Carribean.. My major is Economics and Finance but i can always take a Management course to better assist me in pursuing my goal. Basketball is my passion as well so that's a plus as well.
Dexter Duvalier said on May 2, 2011
Student at Bahamas technical vocational institute, listen I think this actually a good idea,its going to take time and hard work but in the end I feel like if we really get this off the ground the rewards would be endless. Its good for you and your passion with basket ball. Consider me on board
James Branstetter said on April 4, 2012
Live in Topeka Kansas United States. I have and Idea about an NBA Franchise That hires local players. With The right coaching I feel these players could be just as good as the pros. Plus that would keep the tickets and costs down for the fans.
Trent White said on May 22, 2013
I've had an idea and interest of one day owning my own NBA franchise in Virginia, since research states that it is a financially capable and stable city to host a sports team. Not to mention that the population is 1 million people, thus creating a very valuable return on investment. I will graduate with my Bachelors degree in sports management and business administration and plan on attending graduate school to work towards my MBA with a focus in finance and management. Even though I am only 21 I look forward to this challenge in the future with others who are willing to help and that have the passion for basketball just like myself!
jameel brown said on September 3, 2013
i live in jackson mississippi i have an interest of 1 day owning my own nba franchise as a citizen of my city and of the low economic status in my city plus the love i have for basketball i'm willing to learn every that would increase my chances of working towards my success
Constantinos Mavrou said on September 10, 2015
Ayia Napa-Cyprus-Europe. Is it possible to open an NBA STORE in Cyprus?
Bevern Paul said on September 2, 2016
I am interest in opening a Franchise in Alberta Canada
kevin "Disco" wizard! Ric said on January 25, 2017
Hello to whom. Ever it may concern my name is kevin richadson, and i would like to establish a nba franchise in which any city that would be interested in an nba team. My first preference would be pittsburgh, pa. And i was los angeles standout in high school, in compton, ca at Dominguez high school, and to colleges such as la city college where i was the leading scorer and 1st team all conference,1984-85. and further went on attend the university of wyoming and played with standouts eric leckner an fennis Dembo. So i feel and know that i have experience and love for the game to succeed and become a great, nba owner.
Wendell Burr said on March 18, 2017
I want to bring a NBA team back to The city of Baltimore I was not around during the bullets era so I want to embark on this adventure and I know I can form a team to bring multiple championships to Charm City
William D. Simmons said on July 24, 2018
In 10-15 years I will bring a Pro NBA team to South Carolina. But I am also thinking of starting my own league though composed of smaller markets until they are ready for an NBA status team. I am looking to put together a board as well. This would mean smaller buying or no buy-in. but we could test all of the theories everyone has. AS far as media coverage. you don't need TV Deals when you can navigate platforms.
Paul Williams said on January 25, 2023
Raleigh, NC, USA in the next five years, I am starting and running a NBA franchise. My name is Paul Antony Williams. My family and I are the majority owners. Hope you all will come join us for a game soon.

How to Start an NBA Franchise

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